Replying to Avatar Kian Jer

Any other cultures or practices that treat gold as "generational savings"?

In Asia a big practice is to for the groom's parents to buy gold for the bride.

And the mentality there is always "you can pawn it in the future if you need money".

The gold my wife got is just sitting there collecting dust. Literally HODLing the gold.

Imagine doing that but with bitcoin.

With all the obvious benefits.

Just needs consistent messaging and education. Looking to do something there for the Asian + Southeast Asia scene soon. We are usually 3-5 years behind.
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Joe 1y ago

One way to chizel away at that would be to encourage 5-10% in BTC cold storage and the remaining in physical gold as usual. Both should be protected and secured with the the same level of care and will serve the same purpose (in case it is needed someday down the road).

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Kian Jer 1y ago

That might be the case one or two generations down the line.

The generational wealth transfer from boomers should speed things up as well.

Exciting times ahead